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Fiberweb (India) LimitedyxwvutsrponmlkjihgfedcbaYWUTSRQPONMLKIHGFEDCBA

Manufacturers

• t : Spunbond Nonwoven FabricsyxwvutsrqponmlkihgfedcbaYWUTSRQPONMLKJIHGFEDCBA

30th May, 2018

• Dy. General Manager

(Corporate Relation Dept.), The Bombay Stock Exchange Ltd., 1

st Floor, New Trading Ring, Rotunda Bldg.,

• PJ. Towers, Dalal Street, Fort,

MUMBAI - 400001. Dear Sir, We enclose herewith a Result update Presentation for the

4th Quarter and year ended

Audited Consolidated Financial Results for the financial year ended 31st March, 2018 as per Regulation 30 of SEBI (listing obligations & Disclosure requirements) Regulation 2015. Kindly take note of the same. Thanking you Yours faithfully, For FIBERWEB (INDIA) LIMITED

~(\a&~~

Sonal Sharma Company Secretary & Compliance Officer Enc1:As above

Product is manufactured in the plant, where the Management system is certified for ISO 9001'2008 14001'2004 OHSAS 18001'2007

,

,

Mumbai : "KIRAN", Ground Floor, 128 Bhaudaji Road, Matunga, Mumbai - 400019.

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Phone: 91 (22) 2404 4855/76/2408 2689/90 Fax : 91 (22) 2404 4853

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• • ••
• Regd. Office: Airport Road, Kadaiya, Nani Daman, (U.T.) - 396 210.
• ~y,.

& Works Phone: 91 (260) 222 0766/0458/1458/1858/0958 Fax: 91 (260) 2220758

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_ no UKAS

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Intertek

E-mail : fiberweb vsnl.net.fiberweb fiberwebindia. m

@

Website : fiberwebindia.com

CIN NO. L25209DD1985PLC004694

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co

ISO 9001:2008, 14001:2004, OHSAS 18001:2007

Fiberweb (India) Limited

Investor Presentation

May 2018

This presentation has been prepared by Fiberweb (India) Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No

• ffering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this

• Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents
• f, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. 2

Disclaimer

Table of Contents

➢ Industry Overview ➢ Chairman’s Message & Consolidated Financial Highlights ➢ Way Ahead ➢ Company Overview

Company Overview

01

Company Overview

5

Pioneer and amongst leading players in manufacturing of Spun bond non Woven Fabric in India

▪ Commercialization of 3,000 MT of Meltblown fabric started in Dec’17

100% Export Oriented Unit

▪ Over 90% Revenues from Exports

Strong focus on Quality

▪ International accreditations and certifications -ISO 9001-2008, 14001-2004, OHSAS 18001:2007, Intertek and UKAS

Zero Debt Company

▪ Q1FY17 – Out of BIFR and turned Net worth Positive

State of art manufacturing facilities – 7,500 MT Capacity

▪ Globally leading, renowned and proven spunbond technology from Reifenhauser Gmbh, Germany

Journey So Far

2007 2005 1997

1996 1995

Forayed into manufacturing Spun bond Non Woven Products

1996

1996 Established as Plastic moulding company Started Exports to South America Exports to UAE & South Africa Exports to UK, Europe, New Zealand & Australia 2016 Increase exports to USA Landmark order of 2,000 Tons from USA 80% of Export business from USA, 10% from UK, 8% from Europe 2005 1995 1986

6

2017

Crossed Rs.100 cr. topline Diversified into manufacturing of Meltblown products

Professionally Experienced Team

7

• Mr. K.C Shah- Vice President (Operations)
• Mr. B. N. Raval - General Manager (Works)

▪ Responsible for Quality Assurance and Engineering ▪ Total experience – 30 years, 22 years with Company ▪ Earlier with Mafatlal Group ▪ Electronics Engineer, Head of Factory Operations ▪ Total experience – 35 years, 22 years with Company ▪ Earlier with Mafatlal Group

• Mr. Krishnan – Chief Financial Officer
• Mr. G. Ravindran- Executive Director
• Mr. Dinesh Mori- Dy. General Manager (Engineering)
• Mr. Rajiv Solanki - Production In-Charge
• Mr. Pravin Sheth- Chairman & Managing Director

▪ B. Tech (Chem Engg), M.Tech (Ind. Management)– IIT, Kharagpur ▪ Responsible for manufacturing facility in Daman ▪ Total experience – 40 years, 25 years with Company ▪ Earlier with RPG Group ▪ Electronics Engineer ▪ Total experience – 25 years, 10 years with Company ▪ Responsible for Maintenance ▪ B.Sc., CIPET (Plastic Technology) ▪ Total experience – 25 years, 22 years with Company ▪ Head of Processing

• Mr. Bhavesh Sheth – Non Executive Non-Independent Director

▪ B. Com, Chartered Accountant and CFA ▪ Responsible for business development, business process and organization strategy ▪ Total Experience – 30 years, 8 years with Fiberweb. Earlier worked with Fortune 500 Companies in USA as Senior Management ▪ B. Com, LLB, Chartered Accountant ▪ Over 5 decades of industry experience ▪ Responsible for driving the vision and strategy for Company ▪ Earlier Director on local board of Citibank for three consecutive terms in India

▪ Over 3 decades of experience in finance, exports & administration ▪ Been with Company since 1984 ▪ Prior to 1984, worked in diamond exports

Wide Product Portfolio...

Crop Cover Soil Cover Wind & Insect Protection Protective Hospitals & Industries Garments Lining/Backing/Interlining Upholstery, luggage's & Garments Bed sheets & Pillow/Head covers

8

.... Catering to diverse applications across various sectors

Benefits – Increases farm productivity and protection against UV radiation, wind, insects & hail storms Benefits – Easy to cut, stich, heat seal, print, dye & laminate

Wide Product Portfolio Contd...

9

.... Catering to diverse applications across various sectors

Benefits – Soft, hydrophilic properties, non toxic & non irritating, uniform and strong

Baby Diapers Adult Diapers Feminine Hygiene Products

Used in – Absorbents, Filtration, Spill Kits, Marine Spill response, Wipers and Rags, Strom water management, Speciality Products etc.

State- of- Art Manufacturing Facilities

Spunbond Capacity – 7,500 MT

Unit 1, Daman (U.T.) – 5,000 MT

▪ Globally leading, renowned and proven spunbond technology from Reifenhauser Gmbh, Germany ▪ High quality products - accepted by large companies as end-users across developed countries

Unit 2 , Daman (U.T.)- 2,500 MT

▪ Leased out facility – Equipment made by same German manufacturer

Meltblown Capacity – 3,000 MT

▪ Cater Key markets - specialty wipes, filtration, medical and sorbents ▪ Engineered to meet customers’ specific requirements for attributes such as fine fiber absorbency, strength, filtration efficiency, dual textures, etc. ▪ Received first export order of Rs. 15.2 crores

10

Inhouse division for manufacturing stitched garments like Medical and Industrial Gown and Overhauls, Aprons, Bed covers, Pillow covers and Bags etc. as per client’s specifications and requirements

Wide Global Reach

UAE USA UK South Africa Australia New Zealand India

11

.... Over 70% Revenues from Exports

Key Strengths

▪ Products used across diverse multiple industries for various end uses

Multiple Sector Applications Strong & Robust Order Book State of Art Facilities Technical Textile – Rising Demand Presence Across Globe Zero Debt Company

01

Key Strengths

▪ Debt free Company ▪ Q1FY17 – Out of BIFR and turned Net worth Positive ▪ Strong and healthy Order book ▪ Economic Growth, government initiatives to promote Technical Textile sector ▪ Increased Investments in industry, higher consumption and growing exports ▪ Double beam technology with diverse applications from renowned manufacturer Reifenhauser Gmbh, Germany ▪ High product quality, accepted by Blue-Chip companies as end-users in many advanced countries ▪ 100% Export Oriented Unit (EOU) with ~70% products exported to countries- USA, UK, Europe, Australia, New Zealand, South Africa & Middle East countries

12

06 02 03 05

Business Overview

Industry Overview

02

Usage of Non-Woven Fabric in Filtration

14

▪ Typical particle size used for microfiltration – range ~ 0.1 to 10 µm ▪ In terms of approximate molecular weight, these membranes can separate macromolecules generally less than 100,000 g/mol ▪ Filters used in microfiltration process -specially designed to prevent particles such as sediment, algae, protozoa or large bacteria from passing through specially designed filter

Air Filtration ▪ HVAC - industrial heating, ventilation and air conditioning ▪ Industrial ▪ Consumer Products (vacuum cleaners, cooker hoods, PCs ▪ Clean Rooms Automotive Filtration ▪ Engine Air ▪ Oil ▪ Fuel ▪ Cabin Air Liquid Filtration ▪ Food & Beverage (milk, wine, tea ..) ▪ Pharmaceutical/Medical/Blood ▪ Water/Hydraulic ▪ Speciality filtration Speciality Filtration ▪ Antimicrobial ▪ Biopharmaceutical ▪ Dust ▪ Odour

01 02 03 04

Advantages of Non-Woven Fabric

15

▪ Removes wide range of contaminants from water (i.e. bacteria, viruses, metals, minerals etc.) ▪ Nonwovern fabrics - high strength, durability, elasticity, Uniform structure & Chemical resistance ▪ Exceptional permeability, Tear- and puncture-resistance & Absorption

• f fats and oils

▪ High retention capacities & High air permeability ▪ Excellent abrasion resistance & Flame retardant ▪ High level of flow capacity & High tensile strength ▪ Apertures between intersecting fibers of nonwoven sheets - big enough to allow air and water to reach crop but small enough to keep out insects ▪ Leads to earlier harvest, improves yields over subsequent years ▪ Frost, Weed control and insect protection ▪ Protection allows plants and crops to grow without use of pesticides and herbicides

01 03 04 05 06 07 02

Non-Woven Fabric Industry – Hygiene

16

01 03 05 06 02 04 06 08

High Demand

▪ Being disposable in nature - High demand in hygiene segment

Growth of disposables v/s reusable

▪ Key trend driving global hygiene market - growth of disposables v/s reusable, where disposables keep replacing reusable products

Annual Growth

▪ According to Smithers Pira, ~6 million tons worth of $23.1 billion of nonwoven fabrics projected to be consumed by 2021, with annual growth of 6.4% from 2016-2021

Dominance

▪ Hygiene industry likely to dominate nonwoven fabrics ▪ China, India and Japan -key markets together representing ~77% of nonwoven consumption in terms of tonnage

Over Next Five Years

▪ Future of nonwoven is India with huge potential customer base ▪ India overtook Japan and became 2nd largest consumer in Asia with 10.5% in terms of tonnage ▪ Japan remains mature market with growth in low or flat segments

Over last decade

▪ Asia has taken over Europe and North America as largest consumer in nonwoven ▪ In 2015, China dominated with 56.8% of region’s nonwoven consumption

By 2020, Asia’s global market share to grow at 47.1%, with consumption volume of 5.7 million tons in 2020

Non-Woven Fabric Industry – Automotives

17

1 2 3 4 5

▪ In recent years, Nonwovens in automotives increased significantly with more than 40 automotive parts being nonwoven fabrics, i.e carpets, trunk liners, air and fuel filters etc.

01 Significant Increase

▪ According to Frank Heislitz, CTO – Freudenberg performance Materials, “Automotives is world’s largest markets for industrial performance material with potential market size of over Euro 2 million”

05 Automotives Potential

▪ Witnessing strong shift towards differentiation to serve tailored, premium and personalized feel in cars ▪ Growing at more than 7% per annum, even faster than global vehicle production

02 Strong Shift & Growth

▪ Printed nonwovens - stronger alternative to highly expensive knitted or foam based headliner fabrics

03 Better Alternative

▪ Nonwovens car carpets saves 40% of weight as compared to conventional ▪ Nonwoven fabrics not only light weight but also has excellent wear and tear resistance, long lasting and economically competitive compared to other materials

04 Light Weight

Quarterly Highlights

Chairman’s Message & Consolidated Financial Highlights

03

Chairman’s Message – Q4 & FY18

19

Commenting on the results,

• Mr. Pravin Sheth, Chairman

and Managing Director, Fiberweb (India) Limited said :

“This financial full year FY17-18, we have registered a fantastic revenue growth of over 100% and our overall profit has also shown a significant increase of over 100%. With the new capacity started and commercial production of Melt-Blown product kicks in, we expect the growth in the coming financial year to be much higher than any of our past years. We have been witnessing a strong traction in demand from USA market as well as

• ther geographies. This is due to our continuous focus on timely delivering, quality products and abiding with

committed deliverables. I am happy to inform that we have been able to achieve desired operational efficiencies in spite of challenging times due to high crude prices. In addition to this, overhead costs and one-time expenses related to newly commissioned melt blown capacity, have also formed a part of operating expenses. Further we will are likely to witness improvement in efficiencies in coming quarters i=with increased utilisation in melt blown capacities. Our melt blown facility is already operational at our Daman facility and has started receiving orders from clients for commercial production. I am happy to share that in first week of May 2018 the young and energetic team based out of USA has successfully bagged second order for melt blown fabric worth Rs. 23 crore, which is even higher than the first order of Rs. 15 crore. In fact, currently our order book position for the melt blown product is fully booked for next six months and we expect the same momentum further, to be completely booked for full next year. We are very excited with this new order received, which signifies our efforts and quality supplied. Also, we are looking to expand our presence in the Middle Eastern markets and across different markets that we are currently present. At the same time our efforts towards development of new and innovative products has been successfully helping us to bag new orders and grow our business. We are witnessing the demand from various industries across the

• globe. We supply to well-known and highly reputed USA based distributors. Our order book is very healthy, even

for our new melt blown product. At the same time, we are also witnessing a lot of enquiries for our existing as well as new products. I thank the entire team of ‘FIBERWEB’ for their untiring efforts, hard work, sincerity and high dedication. Also, I would like to thank our valued Shareholders, whose support and faith in Our Company has given us the determination and ambition to go from strength to strength.”

The Transition…

• Mr. Pravin V. Sheth, Chairman & Managing Director informed the Board that as decided, Mr.

Bhavesh P. Sheth is now fully in charge of all the affairs of the Company including manufacturing, marketing, further expansion plan etc., and as such he would like to hand over the BATON to Mr. Bhavesh Sheth, and retire from active participation. However, when ever needed he will continue to give his advice. Appreciating his gesture, the Board requested him to continue till 31st July 2018 (2 more months) when his term as Chairman & Managing Director expires, and as the second phase of expansion has started and order for Machinery is finalized and will be placed in coming month. From 1st August 2018, he will only remain as the Chairman Emeritus and get relieved from active

• management. As per his suggestion, Mr. Bhavesh Sheth a Director of the Company designated as

‘President’, which will help him to effectively represent the Company everywhere.

Quarterly Financial Highlights – Q4 FY18(YoY)

21

Revenue

• Rs. 88.5 cr

21.8%

PAT

• Rs. 9.8 cr

28.6%

EBTIDA

• Rs. 10.9 cr

29.3%

Revenue (Rs. Crore) PAT (Rs. Crore) EBITDA (Rs. Crore)

68.6 53.7 62.1 81.8 88.5 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18

Quarterly Highlights – Q4 FY18

8.2 8.4 9.1 11.1 10.9

2 4 6 8 10 12

Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 8.1 7.7 8.5 10.3 9.8

0.0 2.0 4.0 6.0 8.0 10.0 12.0

Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 22

Quarterly Profitability Highlights – Q4 FY18

• Rs. Crore

Q4 FY18 Q4 FY17 YoY % Q3 FY18 Total Income from Operations 88.5 68.8 28.6 81.8 Raw Materials 74.5 54.7 65.6 Employee Cost 1.2 1.1 1.5 Other Cost 1.9 4.6 3.6 Total Expenditure 77.6 60.4 70.7 EBITDA 10.9 8.4 29.3 11.1 Depreciation 1.0 0.2 0.8 Other Income (0.1) (0.2) 0.0 Interest 0.0 0.0 0.0 Exceptional Item 0.0 0.0 0.0 Profit Before Tax 9.8 8.1 10.3 Tax 0.0 0.0 0.0 Profit After Tax 9.8 8.1 21.8 10.3 EPS (Rs.) 3.41* 6.06 7.17

23 *Company issued Bonus in ratio of 1:1 during Q4 FY18

Annual Financial Highlights – FY18

24

Revenue

• Rs. 286.1 cr

111.1%

PAT

• Rs. 36.3 cr

119.5%

EBTIDA

• Rs. 39.5 cr

99.0%

Revenue (Rs. Crore) PAT (Rs. Crore) / Margin (%) EBITDA (Rs. Crore) / Margin (%)

64.6 68.5 61.9 130.4 286.1 FY14 FY15 FY16 FY17 FY18

Financial Highlights - FY18

1.6 2.2 7.8 20.0 39.5 2.5% 3.2% 12.6% 15.3% 13.8%

0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 5 10 15 20 25 30 35 40 45

FY14 FY15 FY16 FY17 FY18

• 0.8

2.0 7.1 17.2 36.3

• 1.2%

3.0% 11.5% 13.2% 12.7%

• 2%

0% 2% 4% 6% 8% 10% 12% 14%

• 5.0

0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0

FY14 FY15 FY16 FY17 FY18 25

Total Asset Turnover (x) RoCE (%)

0.9 0.9 1.0 1.4 1.9 FY14 FY15 FY16 FY17 FY18

• 1.0%

3.1% 7.9% 19.2% 28.0% FY14 FY15 FY16 FY17 FY18

Balance sheet Highlights

26 Total Asset Turnover= Revenue/Total Assets | RoCE= EBIT/(Shareholder Fund+Total debt-non current Investmets)

Annual Profitability Highlights – FY18

• Rs. Crore

FY18 FY17 YoY % Total Income from Operations 286.1 130.3 119.5 Raw Materials 230.0 91.9 Employee Cost 4.9 4.3 Other Cost 11.7 14.2 Total Expenditure 246.6 110.5 EBITDA 39.5 19.9 99.0 EBIDTA Margin (%) 13.8% 15.2% ( 140 bps) Depreciation 3.2 2.7 Other Income 0.0 0.1 Interest 0.0 0.0 Exceptional Item 0.0 0.0 Profit Before Tax 36.3 17.2 Tax 0.0 0.0 Profit After Tax 36.3 17.2 111.1 PAT Margin (%) 12.7% 13.2% ( 50 bps) EPS (Rs.) 12.61* 12.96

27

▪ Commencement of melt blown facility adding to Topline in FY18 ▪ High Crude prices and overhead costs & one-time expenses related to newly commissioned melt blown capacity, also forms part of operating expenses in FY18 ▪ Board of Directors declared interim dividend @ 5% i.e. Rs. 0.50 per equity share

*Company issued Bonus in ratio of 1:1 during Q4 FY18

Balance Sheet Highlights – As on 31st March’18

• Rs. Crore

As on 31st Mar-18 As on 31st Mar-17 Shareholder’s Funds 130.1 89.4 Share capital 28.8 13.3 Other Equity 101.3 76.1 Non-current liabilities 0.0 0.0 Long term borrowings 0.0 0.0 Defer Tax liabilities 0.0 0.0 Other Long-Term liabilities 0.0 0.0 Long-Term Provisions 0.0 0.0 Current liabilities 23.1 2.3 Short Term Borrowings 0.0 0.0 Trade Payables 22.6 1.7 Other Current Financial liabilities 0.0 0.1 Other Current liabilities 0.1 0.0 Short-term provisions 0.4 0.5 Total Equities & Liabilities 153.2 91.7

• Rs. Crore

As on 31st Mar-18 As on 31st Mar-17 Non-current assets 89.9 45.8 Fixed assets 84.6 38.8 Capital Work in progress 0.0 0.0 Non-current Investments 0.6 0.1 Long-term loans & advances 4.6 6.9 Other non-current assets 0.0 0.0 Current assets 63.3 45.9 Current investments 0.0 0.0 Inventories 15.4 10.5 Trade receivables 40.0 13.6 Cash & Cash equivalents 0.3 0.1 Bank Balance 4.2 21.4 Other Financial current assets 0.0 0.0 Short-term loans & Advances 3.5 0.3 Other Current Assets 0.0 0.0 Total Assets 153.2 91.7

28

03

Way Ahead

04

Way Ahead...

Increase focus on Melt Blown capacities for innovate products resulting in higher realisations and incremental margins To cater to increasing demand of Non woven fabric across markets, identified better opportunity i.e. Flatbond – this has growing market and higher margins Growing demand from price sensitive customers in USA - Strengthening

• ur subsidiary in Free Trade Zone, UAE to cater to increasing demand

Melt Blown products

30

For further information, please contact: Company : Investor Relations Advisors : Fiberweb (India) Limited. CIN No. L25209DD1985PLC004694

• Mr. Pravin Sheth

Chairman & Managing Director pravin@fiberwebindia.com

• Mr. P S Krishnan

Chief Financial Officer krishnan@fiberwebindia.com www.fiberwebindia.com Bridge Investor Relations Pvt. Ltd. CIN No. U74900MH2016PTC273679

• Ms. Savli Mangle

savli@bridge-ir.com www.bridge-ir.com 507910 FWB FIBE.BO

Thank You